Four Twenty Seven’s Top 10 reports on corporate climate risk and business resilience.
What We Know: The Reality Risks and Response to Climate Change
American Association for the Advancement of Science, 2014
An excellent general summary of climate change information. This is a great place to start.
“The What We Know initiative is dedicated to ensuring that three “R’s” of climate change communicated to the public. The first is Reality — about 97% of climate experts have concluded that human-caused climate change is happening. The second is Risk — that the reality of climate change means that there are climate change impacts we can expect, but we also must consider what might happen, especially the small, but real, chance that we may face abrupt changes with massively disruptive impacts. The third R is Response — that there is much we can do and that the sooner we respond, the better off we will be.”
The 3rd National Climate Assessment: Climate Change Impacts in the United States
US Global Change Research Program, 2014
Details observed domestic climate change impacts, future predictions, and suggesting mitigation and adaptation strategies. Take note of the state-by-state adaptation policy overview and examples of public and private sector adaptation.
“This National Climate Assessment collects, integrates, and assesses observations and research from around the country, helping us to see what is actually happening and understand what it means for our lives, our livelihoods, and our future.”
Economic Impacts of Climate Change
Risky Business: The Economic Risks of Climate Change in the United States
The Risky Business Project, 2014
A comprehensive, quantitative, high resolution analysis of predicted effects of climate change on the US economy. Very accessible for those new to the causes and effects of climate change.
“The Risky Business research focused on …Damage to coastal property and infrastructure from rising sea levels and increased storm surge, climate-driven changes in agricultural production and energy demand, and the impact of higher temperatures on labor productivity and public health..”
Corporate Climate Risk
Cool Response: The SEC & Corporate Climate Change Reporting
Corporate entities are beginning to disclose climate risk to shareholders and investors, but in varying degrees of accuracy and comprehensiveness. This paper introduces and outlines climate risk disclosure by S&P 500 companies.
“This report examines the state of such corporate reporting and associated SEC comment letters on climate change. It also provides recommendations for the SEC and companies on improving the quality of reporting.”
And also from Ceres: Ceres’ SEC Climate Disclosure Search Tool
Search through a database of nearly 3000 climate risk disclosure reports and SEC filings
Physical Risks from Climate Change: A guide for companies and investors on disclosure and management of climate impacts
David Gardiner & Associates, 2012
Offers a brief on the risk of each of 7 sectors vulnerable to climate change as well as a discussion of risk management strategies and a risk disclosure checklist for private companies.
“This document…provides [p]ublicly-traded companies with detailed and specific guidance on physical climate risk disclosure and risk management steps, [and] investors with guidance on the types of information they should expect of companies to manage portfolio risks related to physical climate change impacts.”
Building Business Resilience
Weathering The Storm: Building Business Resilience to Climate Change
Center for Climate and Energy Solutions, 2013
An overview of adaptation in the context of business complete with a summary of current practices, major barriers, emerging best practices, public sector involvement, and six thorough case studies.
“C2ES provides a detailed snapshot of the state of resilience planning among a cross-section of global companies and outlines steps companies can take to better assess and manage their growing climate risks.”
Climate Adaptation Industry Guides
BSR released a series on adaptation strategies in specific industries in 2011. We’ve chosen a few that
are of particular use in understanding the risks of each sector.
- Energy and Utilities
- Financial Services
- Food, Beverage, and Agriculture
“As climate change sets in, its impacts—such as increasing severity of storms and weather disasters, receding snow and rivers, advancing deserts, and more frequently occurring landslides, floods, and sinkholes—will test companies’ ability to effectively deliver products and services. In response, BSR has developed a series of briefs to illustrate how these changes will affect each industry and what current adaptation practices look like.”
Business and Climate Change: Measuring and Enhancing Adaptive Capacity
Tyndall Center for Climate Change Research, 2004
The authoritative paper defining adaptive capacity for private business. Looking at the water utility and house building industries specifically, it gives a good overall perspective on the importance and value of adaptive capacity and practical initiating strategies.
“The ADAPT project explored how businesses can adapt their practices, policies and technologies to protect themselves from the risks caused by climate impacts, as well as make the most of new opportunities that may arise. The project has developed an organisational model of adaptation, which sees adaptation as a process of learning.”
Analytical Frameworks: Costs of Climate Change
Shaping Climate-Resilient Development: A Framework for Decision-Making
Economics of Climate Adaptation Working Group, 2009
A case study-based analysis of extreme weather risk, resilient development strategies, and the economics of climate change adaptation.
“…outlines a fact-based risk management approach that national and local leaders can use to understand the impact of climate on their economies – and identify actions to minimize that impact at the lowest cost to society.”
Evaluating the Costs and Benefits of Climate Change Adaptation
ÉcoRessources Consultants for Ouranos, 2007
A decision maker’s guide to climate change adaptation strategies through the example of Quebec.
“[This report] outlines the principal elements that need to be considered: decision-making tools, economic assessment methods, time constraints, and equity issues…it targets decision makers responsible for the long term planning of land use, public infrastructure, and health and social services [and] business leaders who anticipate or are affected by the negative effects of climate change or who, conversely, might benefit from it through optimization strategies.”
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